Brazil's finance minister sees rate cuts in coming months

BRASILIA (Reuters) -Brazilian Finance Minister Fernando Haddad said on Tuesday he expects interest rate cuts to begin in the coming months, citing a more favorable foreign exchange outlook in Latin America's largest economy. "I believe there will be room for rate cuts ... in the coming months," Haddad told an event hosted by J. Safra Bank. He noted that at the start of the year he said he would not pay more than 5.70 reais per dollar, while the exchange rate now stands near 5.30. Although that level hurt ...